Danier Leather Inc.

Danier Leather Inc.

August 06, 2009 09:00 ET

Danier Leather Inc. Appoints Canada Sportswear as Its Exclusive Canadian Distributor for Its Corporate Sales Merchandise

TORONTO, ONTARIO--(Marketwire - Aug. 6, 2009) - Danier Leather Inc. (TSX:DL) and Canada Sportswear Corp., announced today that Canada Sportswear will become the exclusive distributor of DANIER merchandise for the corporate and premium incentive market.

Effective, September 1, 2009, this exciting new partnership of two well-respected apparel company leaders, will result in Canada Sportswear assuming all sales, distribution and fulfillment activities for product offered through DANIER's corporate sales division.

Canada Sportswear's national sales force, strong distribution and fulfillment capabilities along with its reputation for professionalism within the industry go hand in hand with DANIER's superior brand recognition and ability to design and manufacture high-quality, timeless and sophisticated leather clothing and accessories at remarkable value.

DANIER's product assortment which spans from men's and ladies leather jackets to classic laptop bags, and briefcases, complements Canada Sportswear's product offering which includes a wide assortment of apparel and promotional products sold under the brand umbrella, including Canada Sportswear CX2, CX2 Sport, as well as Izod, Geoffrey Been, and Lee.

The addition of DANIER merchandise to Canada Sportswear's product line further emphasizes Canada Sportswear's commitment to providing superior product to their customers and having a merchandise selection of every size, colour and function available to fit their customer's needs.

Both companies share a commitment to customer satisfaction and enjoy a long tradition of customer loyalty. Canada Sportswear looks forward to partnering with DANIER in order to provide their customers with a complete package of exciting products and superior customer service.

About Danier:

DANIER Leather Inc., is a leading integrated designer, manufacturer, and retailer of high-quality leather and suede clothing and accessories. Since 1972, Danier has been providing its customers with products that offer the finest quality and workmanship at a price that affords exceptional value. Danier's in-house design team interprets global trends and inspirations into wearable and functional staples for any wardrobe. Danier has grown to 88 stores across Canada and has two stores under license in Dubai. DANIER Leather Inc goes beyond their design, manufacturing and retailing expertise with a continued commitment to supporting community and charitable organizations such as Look Good Feel Better, United Way and Plan Canada.

About Canada Sportswear Corp:

In business since 1954, Canada Sportswear carries a wide assortment of apparel ranging from winter and spring outerwear, polar fleece, golf shirts, tracksuits, woven shirts and bags. Using only the finest materials ranging from leather to technical fabrication complemented with superior craftsmanship, we deliver a superior product, price, value relationship. Canada Sportswear also manufactures and imports made-to-order merchandise to fulfill client specifications to suit any Corporate program and budget.

Forward-Looking Information

Note: This press release may contain forward-looking information and forward-looking statements that involve risks, estimates and uncertainties. Therefore, actual results may differ materially. Wherever used, the words "may", "will", "anticipate", "intend", "expect", "estimate", "plan", "believe" and similar expressions identify forward-looking statements and forward-looking information.

Examples of such risks and uncertainties include, but are not limited to, fashion and apparel and leather industry risks that can affect demand for Danier's products and inventory markdowns, a real or perceived slowdown in the general economy which can result in a reduction in consumer spending and can affect demand for Danier's products, changes in consumer shopping patterns away from shopping malls and power centres, unseasonably hot weather or severe or unusual weather that prevents customers from going to Danier's stores, seasonality, heightened competition including new competitors and expansion of current competitors, foreign currency and interest rate fluctuations which result in increased costs, leather availability and prices, disruptions in the credit markets, risks associated with foreign sourcing and manufacturing, existing and potential legal proceedings, and other associated risks with Danier's business. Danier cautions readers that this list of risks and uncertainties is not exhaustive and that should certain risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual events, performance and results may vary significantly from those expected. For additional information with respect to certain of these and other risks or uncertainties, reference should be made to Danier's continuous disclosure materials filed from time to time with Canadian Securities Regulatory Authorities, including Danier's annual information form, quarterly and annual reports, and supplementary information, which are available on SEDAR at www.sedar.com and in the Investor Relations section of Danier's website at www.danier.com. Additional risks and uncertainties not presently known to or that Danier currently believes to be less significant may also adversely affect Danier.

Forward-looking information and forward-looking statements should not be read as guarantees of future events, performance or results, and will not necessarily be accurate indications of whether, or the times at which, such events, performance or results will be achieved. Any statements in this press release containing forward-looking information and forward-looking statements are qualified by these cautionary statements. Danier disclaims any intention or obligation to update or revise any forward-looking information or forward-looking statements, whether as a result of new information, future events or otherwise.

Contact Information

  • Danier Leather Inc.
    Bryan Tatoff
    Senior Vice-President and Chief Financial Officer
    (416) 762-8175 ext. 328
    (416) 762-7408 (FAX)
    Canada Sportswear Corp.
    Ralph Goldfinger
    (416) 740-8020 ext. 314
    (416) 740-7106 (FAX)